Financial Performance - The company's total operating revenue for the year ended December 31, 2023, was RMB 7,054.88 million, representing a year-on-year growth of 1.96%[3] - The net profit for the year was RMB 1,564.47 million, reflecting a year-on-year increase of 15.28%[11] - The net profit attributable to the parent company's shareholders was RMB 1,531.20 million, up 17.03% compared to the previous year[3] - The company reported a total comprehensive income of RMB 1,579.90 million for the year, slightly down from RMB 1,596.27 million in 2022[13] - The basic and diluted earnings per share for the year were RMB 0.27, compared to RMB 0.23 in the previous year[13] - In 2023, the company's net profit attributable to ordinary shareholders was approximately CNY 1.53 billion, an increase from CNY 1.31 billion in 2022, representing a growth of 17.0%[53] - The gross profit margin for 2023 was 37.44%, a decrease of 0.89 percentage points compared to the previous year[57] - The company reported a total profit of 1,883,142,038.88 for 2023, leading to an income tax expense of 318,669,264.72, compared to 306,122,888.75 in 2022[51] Assets and Liabilities - The total current assets as of December 31, 2023, amounted to RMB 3,517.04 million, down from RMB 5,275.28 million in 2022[4] - The total liabilities decreased to RMB 8,653.99 million from RMB 9,715.62 million in the previous year[8] - The total assets as of December 31, 2023, were RMB 28,026.11 million, slightly up from RMB 27,940.70 million in 2022[10] - The total fixed assets amount to 12,934,816,515.53 in 2023, an increase from 11,548,007,158.30 in 2022[32] - As of December 31, 2023, the total fixed assets amounted to approximately 28.57 billion, an increase from the previous year's 26.19 billion, reflecting a growth of about 9.5%[34] - Long-term borrowings decreased to 4,995,881,608.50 in 2023 from 5,949,695,604.50 in 2022, with interest rates ranging from 2.65% to 3.55%[43] - Short-term borrowings as of December 31, 2023, totaled 500 million, with no overdue loans reported[39] Cash Flow and Investments - The company’s cash flow from operating activities was 2,933.80 million, a slight decrease of 1.66% year-on-year[75] - The company generated investment income of 311,501,884.52 in 2023, up from 235,234,912.61 in 2022[49] - Investment income increased by 32.42% to 311.50 million, primarily due to increased net profits from joint ventures[70] Dividends and Shareholder Information - The company proposed a final dividend of RMB 0.83 per share (tax included) for the year[3] - The profit distribution plan for the fiscal year 2023 proposes a cash dividend of RMB 0.83 per 10 shares, totaling RMB 463,755,196.00 to be distributed to all shareholders[88] - The company will withhold a 10% corporate income tax on dividends distributed to non-resident shareholders as per Chinese tax regulations[88] - The company plans to publish further details regarding the profit distribution plan at an appropriate time[89] Operational Highlights - The total throughput of goods reached 391.95 million tons in 2023, up from 383.83 million tons in 2022, marking a growth of 2.12%[58] - The throughput of coal decreased to 216.88 million tons, down 2.95% from 223.48 million tons in 2022, primarily due to increased competition from imported coal[62] - The throughput of metal ores increased to 132.18 million tons, a rise of 12.78% from 117.20 million tons in 2022, driven by strong demand for steel exports[63] - The company completed oil and liquid chemical throughput of 1.99 million tons, an increase of 43.17% from 1.39 million tons in 2022, attributed to strong market demand for refined oil products[64] - Container throughput was 1,095,365 TEU, equivalent to 14.33 million tons, a decrease of 11.60% from 16.21 million tons in 2022, due to slower-than-expected recovery in the export market[65] Research and Development - Research and development expenses for the year were RMB 154.05 million, compared to RMB 143.99 million in 2022, indicating an increase in investment in innovation[12] Corporate Governance - The company has complied with the corporate governance code and has made efforts to enhance its internal control system during the reporting period[86] - The company is committed to continuously reviewing and improving its corporate governance system to ensure compliance with the Hong Kong Stock Exchange listing rules[86] - Ernst & Young Hua Ming has been appointed as the domestic auditor for the company, responsible for auditing the annual financial statements[90] Future Plans - The company plans to continue its market expansion and product development strategies, focusing on enhancing operational efficiency and addressing impairment risks in the oil segment[35] - The company plans to enhance coal business operations by improving logistics efficiency and optimizing cargo structure in 2024[81] - In the metal ore business, the company aims to deepen customer engagement and enhance port capacity in 2024[82]
秦港股份(03369) - 2023 - 年度业绩